Tuesday, March 14, 2017 7:45:20 PM
I read investor comments on iHUB all good some on the mark some way off. After eight year involvement with eFUEL, by involvement I mean holding quite a bit of stock, one or two conversation with management a month and visiting trading post and management February 2017.
Slavo and family built quite a successful privet company most of eFUEL’s assets come from there privet holdings. Building a privet company and building a public company are worlds apart. I believe Slavo and family went into this venture with the idea they would be as successful with a public company as with their privet company. When going into this venture I believe they had known idea what the financial obligations are building public company.
First let me say eFUEL’s assets are real. Management works day and night searching ways to make this work for all investors. That being said it is my belief that eFUEL will go nowhere in less management changes its present possession on how to move eFUEL forward. I made a few suggestions on my visit.
1.Hire a president that has the expertize building small public companies.
2.Invest a large sum of money marketing eFUEL. To date they refuse to invest the money it takes to market this company correctly. The fact that this a real company with a six year history, generating money and real assets management needs to attract at least five hundred new investors you cannot do this without marketing.
3.Sell underperforming assets and use that cash to buy performing assets.
4.Sell eFUEL to a team of investors that have the experience building public companies. Shell companies with assets and history are quite valuable and in demand.
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